CHARLOTTE, N.C., Sept. 28, 2015 /PRNewswire/ -- SPX Corporation (NYSE: SPXC) today announced that it has completed the spin-off of SPX FLOW, Inc. and will begin trading today on the New York Stock Exchange under the symbol 'SPXC'.
SPX Corporation is led by non-executive Chairman, Patrick O'Leary and President and Chief Executive Officer, Gene Lowe.
'Today marks a significant milestone in the long history of our Company and also the beginning of a new chapter as we work to grow, advance and redefine SPX Corporation,' said Mr. O'Leary. 'Going forward, we will have greater strategic flexibility and will also have an increased ability to attract an investor base suited to our Company's specific operational and financial characteristics.'
Mr. Lowe added, 'We are well-positioned with established product brands and leading positions in HVAC, Detection and Measurement and Power markets. We have a strong track record of innovation with the majority of our products designed to meet our customers' need for higher efficiency and productivity. As we move forward, we are focused on driving profitable growth, aligning our cost structure, enhancing our portfolio and executing disciplined capital allocation actions.'
Mr. Lowe is joined by an experienced executive team who bring extensive industry knowledge and strong functional and operational skills to SPX Corporation. They include:
Scott Sproule – Vice President, Chief Financial Officer and Treasurer
Randy Data – President, South Africa and Global Operations
John Swann – President, Weil-McLain, Marley Engineered Products and Radiodetection
John Nurkin – Vice President, Secretary and General Counsel
Tausha White – Vice President and Chief Human Resources Officer
Brian Mason – President, SPX Transformer Solutions
J.B. Ballard – President, TCI and Flash Technologies
Darren Dickson – President, Genfare
Rick Bowling – President, Power Generation
Vivek Dhir – Vice President, Marketing and Business Development
About SPX Corporation:Based in Charlotte, North Carolina, SPX Corporation is a leading supplier of highly engineered HVAC products, detection and measurement technologies and power equipment. With operations in about 20 countries, SPX Corporation has approximately $2 billion in annual revenues and approximately 6,000 employees worldwide. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol, 'SPXC'. For more information, please visit www.spx.com.
Investor Contact:
Paul Clegg, Vice President, Finance and Investor Relations
SPX Technologies, Inc. is a diversified, global supplier of engineered products and technologies in the heating, ventilation, and air conditioning (HVAC) and detection and measurement markets. HVAC solutions offered by its businesses include package and process cooling equipment, residential and commercial boilers, comfort heating and ventilation products, and engineered air movement solutions. Its segments include HVAC, which engineers, designs, manufactures, installs and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as heating and ventilation products for the residential, industrial, and commercial markets, and Detection and Measurement segment that engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, transportation systems, communication technologies, and obstruction lighting.
SPX TECHNOLOGIES, INC. 
